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    Cryptocurrency Daily Discussion Megathread - September 19, 2018

    September 19, 2018

    Cryptocurrency Daily Discussion Megathread - September 19, 2018

    Daily Discussion Megathread - September 19, 2018

    Posted: 18 Sep 2018 11:15 PM PDT

    Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.

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    Thank you in advance for your participation. Enjoy!

    submitted by /u/CryptoCurrencyMod
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    Bitcoin is 300 Times Cheaper Than Wire Transfers, Banks Take 83% Profit

    Posted: 18 Sep 2018 06:06 AM PDT

    SEC Shouldn’t Hold Back in Approving Crypto Products

    Posted: 18 Sep 2018 10:19 PM PDT

    You Can Now Accept XRP on YouTube and Twitch

    Posted: 18 Sep 2018 03:32 PM PDT

    This sub has become a karma killa ( just my opinion)

    Posted: 18 Sep 2018 11:29 AM PDT

    It's a shame what this sub has become. Any re-post of a "news" article gets upvotes. But someone posting an opinion piece, or worse... looking for other peoples opinions, gets downvoted like crazy.

    I know 50% of it is bots from other coins/ projects that auto downvote any "competition" but it's not all bots. There's humans hitting those buttons too.

    This used to be a helpfull place. Now it seems so tribalistic that I pitty anyone looking into crypto for the first time & coming here. I have thick skin & don't care. But someone who's just learning ( or trying to learn) coming here for their first impression, is met with so many derogatory comments, I don't blame them for fleeing.

    If a friend came by & asked for your opinion / help with their taxes, a business idea, real estate advice, or even thoughts on the best place for an oil change or new tires..... would you say DO YOUR OWN RESEARCH, butthurt newbie, dump your bags & get the f@ck out? Then kick them in the arse with a "down vote" on their way out the door? Just for needing help or asking for advice?

    No, you wouldn't. You'd offer them the best advice you had on hand. Or.... if you were unsure yourself, you'd show them how to get better advice from what ever resources were available.

    This sub used to be a GREAT resource in & of itself. Now it just seems to be a place where people who bought too high or didn't know how to protect their stack, try to downgrade & punish people for asking the questions they should've asked themselves.

    As a community, we can welcome new people into crypto & try to teach them how to research & learn or we can chase them away with all the latest crypto slang & then wonder why there's no "new money" or "increased awareness"

    ..... Just my opinion. Let the downvotes begin. I started at zero, I can go back. LOL

    submitted by /u/dmcb1
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    Singapore.

    Posted: 18 Sep 2018 09:20 PM PDT

    Internet (1999): 50% of searches are for porn. Crypto (2018): 50% of dApps are for gambling. Behind the scenes, the world's smartest developers are building the future

    Posted: 18 Sep 2018 06:00 PM PDT

    Palestinians Are Using Bitcoin to Transact Across Borders Amid Conflict

    Posted: 18 Sep 2018 07:10 PM PDT

    The only ANY:ANY interoperability Project: Quant Overledger

    Posted: 18 Sep 2018 11:00 PM PDT

    Quant Company,Product: Overledger , Quant Health , GoVerifyTeam of CEO's: Gilbert Verdian , Paolo Tasca , Colin Paterson. (Rest of team: https://www.quant.network/our-people/)

    This month (confirmed): SDK Release, Rebranding (Website done, to come: new video's , new foto's) ,Token Burn: Done! (CMC and Etherscan to be updated , have been contacted)This month(Estimated): 5 New exchanges, FTSE100 /Fortune 500 company's. (which are confirmed and signed, only planning on releasing press statement)

    Overledger:Overledger is the blockchain operating system that enables interoperability between blockchains and connects the world's existing networks and the Internet to blockchain.

    Overledger encourages innovation by allowing developers to build applications across multiple ledgers or multi-chain applications (MApps), meaning that developers can harness the power of multiple individual blockchains to build the most effective solution instead of being confined to just one ('single-ledger dependency'). Overledger not only enables blockchain-to-blockchain communication, it also takes things a step further and seamlessly connects existing networks and the Internet to blockchain, allowing Enterprises to harness the power of blockchain to address real-world challenges.

    Overledger is already connect to: Bitcoin, Ethereum, Ripple and Hyperledger network. Of course way more to come.

    This means a ledger, app (mapp) , company or any IoT device can be deployed, connected and function on every chain and real world internet as we know it today.

    Quant Health: More info to come with new website. (this month's rebranding) They already had meetings with for example the department of Health (London) and more.

    GoVerify: GoVerify is a new system to verify if a caller, texter or emailer is the legit person behind this. They already are deploying this on banks and there is a huge demand for it. Trusttag so to call.

    Partners: As stated, We have more than one fortune 500/FTSE 100 company signed. We are going to the press release cycle now. They work with Governments, Lloyd's bank and China's ministry of Commerce and more governments.Also if seen here under Gilbert Verdian has a patented ISO Standard were 44 governments work with.

    • Quant Network and the JBI have signed a MoU for a five-year cooperation.
    • Overledger is the only platform to facilitate internet-scale development and deployment of decentralised, multi-chain applications (MApps) and Treaty Contracts (multi-chain smart contracts)

    Gilbert Verdian:"Gilbert is a technologist with an upbringing in business and a deep background in technology and security.

    Having over 20 years of industry experience he has worked across Government in Downing St, HM Treasury, Cabinet Office, Ministry of Justice and NSW Health and private sector at CSC, EY, HSBC and BP.

    Having a keen interest in disruptive technology, he's the founder of the Blockchain ISO Standard TC307 and is the Chair of the UK's national committee on Blockchain and Distributed Ledger technologies (DLT/1).

    He's actively working to advance technology in the areas of AI, Cybersecurity, Blockchain and FinTech."

    Paolo Tasca:

    "Paolo Tasca is a Digital Economist, an expert on digital innovation with salient expertise on Blockchain technologies and Complex Systems.

    We stand on the brink of a fourth industrial revolution, which will fundamentally alter the way we live, work, and relate to one another. New technologies are dramatically transforming our economic systems, and our society in general, into something very different from what we were used to thinking about over the last few decades."

    Colin Paterson:"Colin is a technology innovator with a background in Information, Cybersecurity and AI.

    He calls on his years of cross sector experience in; Health, Defence, Finance and Utilities combined with his passion for new and emergent technologies to solve real world problems.Working to democratise blockchain development he is seeking along with the other founders of Quant to help developers unchain the full potential of ledger technologies."

    The team has connections over the whole world, aiming to be the most enterprise experienced team in the crypto space. They have spoken with many company's like PwC and such. On the telegram you can find much more answers of them, and they are very active (outside the Telegram). Every monday the team joins telegram to answer all questions. (AMA)

    They are not hyping there project, they are building the future.4Chan recently catched upon this project, and the volume and price is already rising.

    Circ Supply: 9.9M

    Total: 14m~Mcap: ~11.6M

    Token Burn executed last friday, CMC and Etherscan are contacted about it.

    Also quote from the CEO in recent AMA:

    Q: Heard a few months back that new exchange(s) will come end of September. This still so?

    A: That's our plan

    Q: Do you foresee an ability to use a mApp to create an exchange overlaying other DEX's such as IDEX & SDEX to increase liquidity for the user and getting the best market twice between each DEX? I need to brush up more on mApps

    A: Yes that has been on our radar from the very benginning to create a a true Decentralised Exchange on top of Overledger. It needs the right regulatory licenses and approval. Something possibly we can do ourselves in the future.

    Also he recently (before AMA) confirmed that they were free to get listed on exchanges by there lawyers. In their period after ICO they have been transparent they only wanted to get listed when FINMA regulation approves and finally it is. Also they mentioned they have contact with some good exchanges, and also they will get listed on an enterprise exchange later this year (?).

    NOTE:Website is still being worked on (formatting and additional info)

    website: https://www.quant.network/ (still to be finished because rebranding just happend)

    Competitive analysis: https://medium.com/@TetraGravity/quant-network-a-competitive-analysis-73a3c88df1c6Blockchain Brad Interview (Really good for understand): https://youtu.be/LxaBioLmlR0

    submitted by /u/MysticFlare
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    Los Angeles Dodgers giving away digital ETH bobbleheads to the first 40,000 fans

    Posted: 18 Sep 2018 09:06 PM PDT

    Bitcoin is NOT 300x cheaper than tradiitonal remittance.

    Posted: 18 Sep 2018 09:17 PM PDT

    When you account for the necessary fees of buying and selling into fiat, BTC is by no means cheaper than wire transfer or even Western Union.

    I can send $5k internationally via WU for $35.00. Bitcoins transaction fee may be cheaper (not guaranteed), but then you need to find a fiat gateway because no one accepts btc for groceries in any location that you might need to send money via WU.

    So what does btc (and crypto) do better? -taking large sums of money with you if you're relocating -sending money without the knowledge of the Patriot Act -losing your savings (if you bought at height of bull market) -having your savings multiply ten fold (if you bought at the bottom of a bear market) -not much else.

    submitted by /u/ItWouldBeGrand
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    Music to the ears: Madonna’s long-time guitarist strums up his tips with the BRAVO Pay App

    Posted: 19 Sep 2018 03:49 AM PDT

    xRapid effect on XRP demand?

    Posted: 18 Sep 2018 07:18 PM PDT

    I understand the mechanics of xRapid:

    1. Initial purchase: XRP is purchased with local currency -> increase in demand for XRP

    2. Transaction:

    a. XRP is sold for the demanded currencey -> lowers demand for XRP

    b. XRP is purchased to complete the transaction -> increase in demand for XRP

    ​

    My question is:

    How much XRP is needed to conduct a standard transaction for a financial institution?

    How many transactions occur in a day that need the XRP? I view this as basically new working capital required by the FI.

    submitted by /u/holtfox
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    The US is losing out to the rest of the world on blockchain, warn crypto figures

    Posted: 19 Sep 2018 01:05 AM PDT

    The Crypto Lark reviewed upcoming European Exchange - BCIO

    Posted: 19 Sep 2018 03:07 AM PDT

    In Case You Bought At The Top

    Posted: 18 Sep 2018 12:37 PM PDT

    Major Retail Saudi Bank Joins Ripple Network for International Payments

    Posted: 18 Sep 2018 05:59 PM PDT

    XTZ News: Tezos Mainnet Launches After Sensible Beta Phase

    Posted: 19 Sep 2018 01:03 AM PDT

    Cryptocurrencies rebound as ripple token spikes 17% on potential launch of xRapid platform in the next month

    Posted: 18 Sep 2018 02:50 PM PDT

    • According to a report by Coindesk, decentralized exchange, Kyber Network, is releasing an on-chain liquidity smart contract that will enable businesses to accept payments in any form of ethereum ERC-20 tokens. CEO and co-founder, Li Luu, said in an interview with Coindesk that the, "main goal is to make tokens usable anywhere."
    • According to Finance Feeds, the U.K. government is facing questions over whether or not it is actively monitoring the impact of the global crypto bear market on the domestic blockchain industry. Lord Taylor of Warwick reportedly asked the UK Government if they have been monitoring whether or not declining cryptocurrency values have had an impact on the UK blockchain industry, to which the government replied that they had not made a formal assessment of any specific implications.
    • A new botnet was discovered by security researchers that, as opposed to posing a threat, is seeking to destroy crypto-mining malware. The botnet was discovered by a team at Qihoo 360Netlab where they deduced that the botnet is seeking out a malware known as com.ufo.miner.
    • Notable cryptocurrency hedge fund, Multicoin Capital, said in a report that Litecoin (LTC) is a, "significantly overvalued relic." In the report, Multicoin detailed that LTC faces a variety of negative catalysts with no bull case. The report goes on to mention that LTC's bull run in 2017 stemmed largely from retail investors and immaturity in the cryptocurrency market. Multicoin Capital is short on Litecoin.
    • Tether, the world's eighth largest cryptocurency and second most traded coin, faced serious technical problems as transactions froze for about eight hours Tuesday. The USD-pegged stablecoin faced issues after the engine that feeds the coin's data from its underlying Omni protocol stopped working. The stablecoin dipped about 2% immediately following trading coming back online, a significant amount for a stablecoin.
    • The New York Office of the Attorney General released a report indicating cryptocurrency trading platforms are vulnerable to market manipulation while referring several exchanges to another agency for possible violations of state laws. The New York Attorney General's (NYAG) initial inquiry began in April, seeking voluntary cooperation from 13 of the world's largest cypto trading sites, including Coinbase, Karaken, and Binance. Some of these exchanges would go on to say, "it was impossible" to prevent market manipulation while the NYAG's report pointed out that exchanges like Gemini are seeking to monitor exchanges more effectively.
    • Theta, a leading video delivery blockchain network advised by the co-founder of YouTube, announced that media companies MBN and CJ Hello have joined its Media Advisory Council as strategic partners. Theta's token was recently listed on crypto exchange, Bithumb, at the end of August.
    • A US private equity firm, Brookstone Partners, is launching Soluna, a crypto mining entity that is working to build a massive 36-megawatt mining farm in Morocco. The mining farm intends to leverage local laws, known as a power purchasing agreement, by selling 20% of its electricity back to the Moroccan government while gaining a foothold in the region. The mining farm is expected to be finished by January of next year.

    Sources:

    r/https://www.coindesk.com/this-dex-is-enabling-payments-in-any-ethereum-token/
    r/https://cointelegraph.com/news/uk-govt-faces-questions-over-impact-of-crypto-bear-market-on-uk-blockchain-industry
    r/https://cointelegraph.com/news/construction-of-moroccos-36-megawatt-bitcoin-mining-farm-to-start-in-january-2019
    r/https://www.coindesk.com/novel-botnet-hunts-down-and-destroys-crypto-mining-malware/
    r/https://www.coindesk.com/new-york-ags-office-takes-aim-at-crypto-exchanges-in-new-report/
    r/https://www.ccn.com/litecoin-a-significantly-overvalued-relic-cryptocurrency-hedge-fund-claims/
    r/https://cointelegraph.com/press-releases/theta-blockchain-announces-strategic-partnerships-with-mbn-and-cj-hello-lists-on-bithumb-exchange
    r/https://www.ccn.com/tether-transactions-resume-normal-operations-following-incident-with-omni-api/

    submitted by /u/QuantalyticsResearch
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    china.com - Plair featured as the up and coming blockchain gaming platform!

    Posted: 19 Sep 2018 01:10 AM PDT

    A Machine Gun for Zombies: How blockchain can solve the "braindead" problem

    Posted: 18 Sep 2018 07:36 AM PDT

    Cryptocurrency Continues To Thrive In Palestine Despite Conflict

    Posted: 18 Sep 2018 05:36 PM PDT

    Low Market Cap Altcoins (Lottery Tickets) that you believe will explode!

    Posted: 18 Sep 2018 06:43 PM PDT

    The title says it all. I'm looking for a good low mcap altcoin which has a good team behind it, a good project, and probably a nice future! It's something not too many people know about but it's that secret little thing that you HODL in your wallets.

    Really hoping to hear about some new exciting projects. Let me know in which projects you believe.

    submitted by /u/LjoVe95
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    What Is the Difference Between Cryptocurrencies, Tokens, Coins and Altcoins?

    Posted: 18 Sep 2018 02:35 PM PDT

    Thought you guys might appreciate this shirt.

    Posted: 18 Sep 2018 02:11 PM PDT

    Coinbase Hires LinkedIn Executive as New Data Chief

    Posted: 19 Sep 2018 03:22 AM PDT
    Read more
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